WSFS Financial (NASDAQ:WSFS) PT Raised to $55.00

WSFS Financial (NASDAQ:WSFS) had its price target hoisted by Piper Sandler from $48.00 to $55.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price objective would suggest a potential downside of 2.64% from the company’s current price.

A number of other research analysts have also commented on the company. Stephens increased their price objective on WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday. DA Davidson increased their price objective on WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price target on WSFS Financial from $53.00 to $61.00 and gave the company a “market perform” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.50.

WSFS Financial Stock Down 0.3 %

NASDAQ WSFS opened at $56.49 on Tuesday. The firm has a market cap of $3.39 billion, a PE ratio of 12.61 and a beta of 1.02. WSFS Financial has a one year low of $33.12 and a one year high of $58.59. The stock’s 50 day simple moving average is $47.48 and its 200 day simple moving average is $45.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.85.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The firm had revenue of $266.00 million for the quarter, compared to analyst estimates of $254.48 million. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS. As a group, sell-side analysts forecast that WSFS Financial will post 4.25 earnings per share for the current fiscal year.

Insider Activity

In other WSFS Financial news, insider J. Bacci Arthur 8,609 shares of the stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Stephen P. Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $46.61, for a total transaction of $139,830.00. Following the sale, the executive vice president now owns 25,671 shares of the company’s stock, valued at approximately $1,196,525.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider J. Bacci Arthur 8,609 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. 1.29% of the stock is currently owned by company insiders.

Institutional Trading of WSFS Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System grew its holdings in shares of WSFS Financial by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock valued at $1,419,000 after acquiring an additional 200 shares in the last quarter. Diversified Trust Co grew its holdings in shares of WSFS Financial by 2.0% in the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock valued at $535,000 after acquiring an additional 225 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of WSFS Financial by 40.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock valued at $48,000 after acquiring an additional 295 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of WSFS Financial by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 52,982 shares of the bank’s stock valued at $2,392,000 after acquiring an additional 518 shares in the last quarter. Finally, Westover Capital Advisors LLC grew its holdings in shares of WSFS Financial by 8.6% in the 4th quarter. Westover Capital Advisors LLC now owns 6,641 shares of the bank’s stock valued at $305,000 after acquiring an additional 526 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Company Profile

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.